by Dan Gibby | May 5, 2017 | Intra-Day Trading Comments
Below is a daily/weekly/monthly chart of NVIDIA Corporation (NVDA), $103.07. Trade: Under $102.55, we recommend shorting 10 May 117/130 bear call spread (14 DTE) for mid-point (currently, $.76/share). Note: Earnings 5/9/17 so higher risk, but this is intended to...
by Dan Gibby | May 3, 2017 | Intra-Day Trading Comments
Below is a daily chart of PowerShares QQQ ETF (QQQ), $136.75. Trade: Under $136.60, we recommend buying 10 May $138.5 puts and selling 10 May $135 puts (16 DTE) at mid-point (currently $1.55/share). Technical Setup: Gap down from Climactic Sell Setup. Option...
by Dan Gibby | May 3, 2017 | Intra-Day Trading Comments
With FOMC announcement today at 2 pm ET, we are not recommending new trades now; however, if the QQQ looks weak in the afternoon, we will be considering a bear call spread, which we will update later. Adjustments and Comments on Open Advisory Letter Trades (Note: We...
by Dan Gibby | May 2, 2017 | Intra-Day Trading Comments
Below is a daily chart of SPDR S&P Biotech ETF (XBI), $71.00. [s3mv fileName=’OptionVideos/Selling_Options_LowHigh_Volatility_ETF_170502.mp4′ fileType=’video’ source=’s3′ width=’640′ height=’480′...
by Dan Gibby | Apr 28, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of Lam Research Corporation (LRCX), $146.52. Trade: We recommend shorting 10 May 150/155 bear call spread (21 DTE) for a limit of $.85/share (caution, less liquid so don’t chase). Technical Setup: Extended all time frames with...
by Dan Gibby | Apr 26, 2017 | Intra-Day Trading Comments
Below is a daily/weekly chart of McDonald’s Corporation (MCD), $141.20. Trade: Under $140.90, we recommend shorting 10 May 144/148 bear call spread (23 DTE) for mid-point (currently $.68/share). Technical Setup: Extended all time frames with possible Wide...
